Showing posts with label Pin Bar Setup. Show all posts
Showing posts with label Pin Bar Setup. Show all posts
Thursday, May 2, 2013
Wednesday, January 2, 2013
Friday, December 14, 2012
AUDUSD -20121214
AUDUSD has found resistance zone 1.06 to 1.0550 area
Pair had rejected from level 1.06 (12/08/2012's high) & (14/09/2012's high) and now again pair is hovering near same level ( 1.055)and RSI (14) -65 where pair may find resistance
If Pair fail to break this resistance then it may test strong support zone 1.0150area
breaks and
if Pair breaks resistance 1.0630 then it will be upside targeting +400pips
Thursday, August 30, 2012
EURUSD has formed triangle pattern & Elliot Wave
EURUSD has formed triangle pattern
Yesterday Pair was in round 50pips range bound
As per Elliott Wave theory, Pair lies in Wave (3) of Wave 5 (impulsive Wave)
If Pair breaks above 1.2582 then pair may test resistance 1.2740
alternative view if Pair breaks below 1.25 then it will be temperary downside towards 1.24
Support @1.244 and resistance @1.2580,1.2690, 1.2740
Elliot Wave charts refer counting in charts
Monday, July 30, 2012
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